We were just about to sign contracts for a semi detached house in Pontllanfraith. We encountered a stumbling block. Our loan offer with Godiva Mortgages Ltd expires on 9/11/2020 but the owners are suggesting a completion date of 11/11/2020. Can one extend the loan offer?
The best person to deal with your concern is your conveyancer who is in a position to determine if he or she is corresponding with the lender, vendor’s representatives, property agents or possibly all parties taking into account the history of your house move as of today.
My wife and I are purchasing a flat in Pontllanfraith. I might seem paranoid but how we can trust a conveyancer? On completion day we have to deposit funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My wife and I are at the point of looking at apartments in Pontllanfraith and I am about to put in an offer. Is it advisable to have my solicitor on ‘stand by’? I am planning to take a mortgage with Leeds Building Society.
It would be wise to instigate your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. As you are getting a mortgage with Leeds Building Society, make sure you remember to check that your lawyer is on the Leeds Building Society conveyancing panel.
About to purchase apartment in Pontllanfraith. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the HSBC conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Pontllanfraith solicitor is on the HSBC conveyancing panel.
My friend suggested that if I am buying in Pontllanfraith I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Pontllanfraith conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Pontllanfraith around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Pontllanfraith Education with maps and statistics, Local Amenities and other useful data regarding Pontllanfraith.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a quick, chain free conveyancing. Pontllanfraith is where the house is located. Is there any guidance you can impart?
Flying freeholds in Pontllanfraith are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Pontllanfraith you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Pontllanfraith may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How up-to-date is your database of lawyers on the bank conveyancing panel in Pontllanfraith? Do the banks send you an updated list?
Pontllanfraith law firm practices and firms carrying out conveyancing in Pontllanfraith themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the lender directly.